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This week the British gambling regulator, the UK Gambling Commission submitted a list of recommendations for the government in regards to overhauling the fixed odds betting terminal (FOBT) laws within the country.
The proposals are being made in an attempt to protect consumers, "especially those that are vulnerable, face from gambling". The regulator is proposing slot FOBT wagers to be capped at £2, while non-slot FOBTs should be capped at £30. These changes would have a dampening impact on players losing huge sums of money quickly, which has been the gripe that lawmakers have had with the machines.
Commenting on their recommendations UKGC CEO Neil McArthur said, "We've put consumers at the heart of our advice - advice which is based on the best available evidence and is focussed on reducing the risk of gambling-related harm. In our judgment, a stake cut for Fixed Odds Betting Terminals alone doesn't go far enough to protect vulnerable people; that is why we have recommended a stake cut plus a comprehensive package of other measures to protect consumers."
"We have proposed actions that will tackle both the risk of harm and provide solutions that are sustainable in the longer term."